Wednesday, August 3, 2011

Ransom Insurance: Keep your employees safe

Kidnappings have been increasing for a while in India. Now it is no longer limited to the rich and affluent. Even key executives of companies are picked up by kidnappers for ransom.

Here comes the role of Ransom Insurance. Now many major companies have started insuring their key executives against kidnapping. Companies such as INDIA Inc, Tata AIG, ICICI Lombard, National Insurance, Bajaj Allianz and HDFC Chubb have got Ransom Insurance for certain employees.

Some features of this new Insurance product
  • ·         Access to special response consultants
  • ·         Reimbursement of ransom amount
  • ·         Guidelines provided for personal security
  • ·         Access to in-depth information regarding travel risk information and training
  • ·         Loss due to injury by kidnappers
  • ·         Medical expenses which includes mutilation, loss of fingers, total disability as a result of a kidnapping, extortion or detention
  • ·         Reimbursement of travel expenses
  • ·         Reward for informants which leads to arrest or conviction

So if you think your key employees are not safe. And the company might like to be responsible for their employees; you should look into Ransom Insurance policies.

Image courtesy bad credit authority

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